White Metal Resources Corp . White Metal Resources Files FOR Final Approval of Financing
WHITE METAL RESOURCES CORP .
WHITE METAL RESOURCES FILES FOR FINAL APPROVAL OF FINANCING
MAY 5, 2017
Thunder Bay, Ontario: White Metal Resources Corp. (TSX-V: WHM) (“White Metal” or the “Company”) wishes
to announce that it has closed its previously announced financing (see news release dated April 3, 2017) and has
filed documents with the TSX Venture Exchange seeking final approval. Proceeds totaled $225,000 consisting of
4,500,000 flow-through units (“FT Units”).
Each FT Unit will be issued at $0.05 and consists of one (1) FT common share and one-half of one common
share purchase warrant, each full common share purchase wa rrant being exercisable at $0.15 cents for 24
months, subject to the right of the Company to accelerate the exercise period if shares of the Company trade at
or above $0.20 for a period of 10 consecutive trading days. Proceeds of the financing will be used to progress
exploration work on the Company’s Shebandowan gold property including soil and lake geochemical sampling,
prospecting, and mapping, followed by trenching and drilling of favourable targets.
The common shares comprising the FT Units and the common shares issuable upon exercise of the common
share purchase warrants will be subject to a four (4) month hold period commencing on the closing date, bei ng
the date of issuance of the units.
Finders fees totaling $2,100 will be paid and 14,000 finders warrants, with each warrant being exercisable for a
common share of the Company at a price of $0.15 for 24 months from closing will be issued to certain arms-
length individuals.
The financing and associated terms are subject to TSX Venture Exchange approval.
About White Metal Resources Corp (TSX-V: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 29,616,895
common shares issued and outstanding.
On behalf of the Board of Directors of White Metal Resources Corp.
“Michael Stares”
Michael Stares, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
The information contained herein contains "forward -looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections, objectiv es, assumptions or future events or
performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements, including, without limitation: risks related
to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of
684 Squier St., Thunder Bay, ON P7B 4A8
Tel: 807-628-7836 Fax: 807-475-7200
TSX-V: WHM
legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for
delays in exploration or development activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity
of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for
unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future
exploration, development or mining results will not be consistent with the Company's expectations; risks related
to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more
of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements. Investors are cautioned against attributing
undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company’s expectations or projection
For further information contact:
Michael Stares
684 Squier St.
Thunder Bay, ON P7B 4A8
Phone: (807) 628-7836
Fax: (807) 475-7200